Lifting our export performance
New Zealand’s export effort needs to reflect the growing importance of global value chains, writes Stephen Jacobi.
“Goods often need to pass several stages of processing across different geographies before they reach the final consumer. About a third of international trade is taken up by these “intermediate goods”.”
“New Zealand exporters are already adapting to this new business model, government policies also need to adopt. That’s because increasingly our national economic performance will depend on our ability to link to these global value chains.”